Ascott eyes nearly 4,700 units in Malaysia by 2023

Kuala Lumpur

WITH demand from corporate and leisure travellers for serviced residences growing in Malaysia, where the average occupancy of managed apartments is more than 70 per cent, The Ascott Limited plans to add an average of 500 units a year to its portfolio there over the next six years.

By 2023, the Singapore serviced residence operator's Malay…